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Are Peugeot Citroen set to be bought out by GM?

Could GM take control of Peugeot Citroen? Last year we reported that Peugeot Citroen (PSA) and GM were forming a joint alliance to cut costs and develop new cars. But we questioned if the small savings of €2 billion a year from jointly developing new platforms and engines would do anything to stem the losses both companies were facing in Europe, and wondered if the only solution was a merger.

Hennessey Venom GT sets new 270mph world speed record

The Hennessey Venom GT has set a new world speed record for a two-seat sports car, hitting an official top speed of 270.49mph. Carried out on the 3.2-mile Space Shuttle landing strip at the Kennedy Space Center in Florida, USA, the Venom GT eclipsed the former fastest car in the world’s record, the 267.86mph Bugatti Veyron Super Sport. On Bing: see pictures of the Hennessey Venom GTHennessey Venom GT reaches 265.7mph top speed It’s not the first time the Lotus Exige-based sports car has tried to take the French marque’s crown, with previous tests getting oh-so-close to beating the Bugatti.

2014 Porsche 911 Turbo Cabriolet and Turbo S Cabriolet revealed UPDATED

The 2014 Porsche 911 Turbo Cabriolet and Turbo S Cabriolet have been revealed Update: We published this article before Porsche revealed UK prices for the Turbo and Turbo S Cabriolet. But now we have them. The Porsche 911 Turbo cabriolet will cost £126,766 and the Turbo S Cabriolet £149,511, with both going on sale December 2013.